HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11, 400 units at $225 each) $2 , 565, 000 Variable costs (11, 400 units at $180 each) 2, 052, 000 Contribution margin 513, 000 Fixed costs 360, 000 Pretax income 153, 000 The marketing manager believes that increasing advertising costs by $124,000 in 2020 will increase the company's sales volume to 12,800 units. Prepare a forecasted contribution margin income statement for 2020 assuming the company incurs the additional advertising costs. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (pretax)/Loss